Midwest City, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Midwest City Neighborhoods Since 2000




Midwest City, OK Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Midwest City Housing Market Information

With a population of 57,249, 23,206 total housing units (homes and apartments), and a median house value of $103,071, house prices in Midwest City are solidly below the national average.

Single-family detached homes are the single most common housing type in Midwest City, accounting for 75.45% of the city's housing units. Other types of housing that are prevalent in Midwest City include large apartment complexes or high rise apartments ( 15.42%), duplexes, homes converted to apartments or other small apartment buildings ( 4.06%), and a few mobile homes or trailers ( 2.64%).

The most prevalent building size and type in Midwest City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.81% owning and 42.19% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Midwest City's housing was primarily built during this period, from the '40s through the '60s. A full 45.75% of the city's housing hails from this era. Other housing ages represented in Midwest City include homes built between 1970-1999 ( 42.41%) and housing constructed between 2000 and later ( 10.72%). There's also some housing in Midwest City built before 1939 ( 1.12%).

Midwest City Home Appreciation Rates

Appreciation rates for homes in Midwest City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.82%, which ranks in the top 40% nationwide. This equates to an annual average Midwest City house appreciation rate of 0.66%.

NeighborhoodScout's data show that during the latest twelve months, Midwest City's appreciation rate, at 3.72%, has been at or slightly above the national average. In the latest quarter, Midwest City's appreciation rate has been 0.33%, which annualizes to a rate of 1.34%.

Relative to Oklahoma, our data show that Midwest City's latest annual appreciation rate is higher than 60% of the other cities and towns in Oklahoma.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Midwest City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Midwest City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Midwest City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$103,071

Midwest City, OK HOME PRICES

Value Range
> $1,102,000 0.2
$827,001 - $1,102,000 0.1
$551,001 - $827,000 0.4
$441,001 - $551,000 0.4
$331,001 - $441,000 0.6
$221,001 - $331,000 4.8
$110,001 - $221,000 35.4
$55,001 - $110,000 45.2
$0 - $55,000 12.7

Average for OK
Low for Nation

Value Relative to Nation Value Relative to State
75.6006093988046 41.6918429003021

Number Of Homes And Apartments:
23,206

Midwest City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
40.95% 2.01% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$986 / per month

Homeownership Rate

Homeownership
Owners 57.81
Renters 42.19
Vacant 9.12

Housing Market Details

 

Age of Homes

AGE OF Midwest City HOMES
2000 or Newer 10.7
1970 - 1999 42.4
1940 - 1969 45.8
1939 or Older 1.1

Types of Homes

TYPE OF Midwest City HOMES
Single-Family 75.4
Townhomes 2.3
Small Apt. Buildings 4.1
Apt. Complexes 15.4
Mobile Homes 2.6
Other 0.1

Home Size

SIZE OF Midwest City HOMES
No Bedroom 1.61
1 Bedroom 8.46
2 Bedrooms 23.18
3 Bedrooms 56.10
4 Bedrooms 9.86
5 or more bedrooms 0.79